Store asks Development Authority for $300,000; authority says no

By Kevin C. Hall | kevin.hall@gaflnews.com
Apr 8, 2021
6 hrs ago
MOULTRIE, Ga. — The Moultrie-Colquitt County Development Authority has long made financial incentives available for industries seeking to move to Colquitt County. On Wednesday, the authority’s board of directors re-affirmed that the same doesn’t go for retail stores.
Authority Chairman Jim Matney told members during Wednesday’s board meeting that a retail company had asked the authority for $300,000 to offset costs of opening a store in Moultrie. 
He and others were careful not to identify the prospect, but they did say it would employ 12-15 people, a combination of full- and part-time employees with wages about $2-3 over minimum wage (which is currently $7.25 per hour). The company expects to invest $5 million in the proposed store, and it expects something between $3-1/2 million and $5 million in sales each year.

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